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Melyna Huff

melyna.huff@evrealestate.com +1(707) 353-6060

Listed by Marcia M Lazaro • Coldwell Banker Mendo Realty

$ 5,000,000

Est. payment -/mo

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Active

960 Marlene ST #979 Ukiah, CA 95482

2,222 Beds

4 Baths

22,211 SqFt

UPDATED:

09/04/2024 06:35 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 22,211 sqft

Price per Sqft $225

MLS Listing ID 324000359

Bedrooms 2222

HOA Y/N No

Year Built 1983

Lot Size 2.300 Acres

Property Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and the potential for additional units. Subdivided in 1985 into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. All units are 2 bedroom, 1.5 baths with a well-designed and spacious floor plan, large upstairs bedrooms with jack-and-jill bathroom and ample closets, central HVAC, fireplaces and private fenced yards. Amenities include on-site laundry facilities, in-ground pool, and carports plus additional on-site paved parking. Impeccably maintained landscaping with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A significant portion of the undeveloped land could be used for building more multi-family units and a minor subdivision and rezoning application is currently in process with the City of Ukiah, creating a second 1.07 acre parcel and changing the zoning from PD (Planned Development) to R2. Ukiah is in the heart of Mendocino County Wine Country, under two hours to the Golden Gate Bridge and one hour north of the Sonoma County Airport.

Location

State CA

County Mendocino

Area Ukiah

Zoning PD

Interior

Heating Central

Cooling Central

Flooring Carpet, Laminate, Linoleum, Tile, Varies by Unit

Exterior

Exterior Feature Fenced Yard, Swimming Pool, Yard Space

Garage Carport, Detached, Guest Parking Available, Uncovered

Garage Spaces 38.0

Utilities Available Cable Available, City, Internet Available, Natural Gas Connected

Roof Type Composition

Building

Foundation Concrete, Slab

Sewer Sewer Connected

Water Public

Architectural Style Traditional

Schools

School District Ukiah Unified, Ukiah Unified, Ukiah Unified

Others

Special Listing Condition Offer As Is

Bay Area Real Estate Info Services (BAREIS)

Melyna Huff

Global Real Estate Advisor | License ID: 02153960

+1(707) 353-6060

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